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Ripcord raises $40 million Series B round

By TechTaffy Desk

Hayward, California-based robotic digitization company Ripcord has raised $25 million in equity and $15 million in debt totaling $40 million in Series B funding, led by Icon Ventures with participation from Kleiner Perkins, Lux Capital, and Silicon Valley Bank.

The company says it plans to hire 100 new employees in the next 12 months, and expand into new markets.

Ripcord has raised $49.5 million to date.

[Image courtesy: Ripcord]

 

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